WeWork is really worth $14 billion, 70% below where it last raised money, NYU's 'dean of valuation' says.
WeWork, founded in 2010 by CEO Adam Neumann, rents out work spaces to start-ups and other businesses. According to its website, WeWork is "committed to elevating the collective consciousness of the world by expanding happiness and unleashing every human's superpowers."
"To the question of whether WeWork could be worth $40 billion, $50 billion or more, the answer is that it is possible but only if the company can deliver well-above average margins, while maintaining sky-high growth," he said.'Personality' valuation Theranos, once valued at $9 billion, was founded by Stanford drop-out Elizabeth Holmes. It later failed after falsely claiming it had devised a blood test that only required a pin prick of blood. Damodaran does not claim that WeWork is a fraud.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Robert Axelrod, who voiced Lord Zedd in 'Mighty Morphin Power Rangers,' dies at 70Robert Axelrod, who was famous for voicing Lord Zedd and Finster on the '90s children's TV series 'Mighty Morphin' Power Rangers' has died at age 70, his agent announced on Twitter
Read more »
Robert Axelrod, 'Mighty Morphin Power Rangers' Star, Dead at 70Robert Axelrod's manager tells ET that the actor had been sick over the past year.
Read more »
Space company Maxar shares rally as JP Morgan calls for stock to climb over 70%J.P. Morgan began coverage of Maxar Technologies on Tuesday with an overweight rating.
Read more »
WeWork IPO valuation may dip below $20 billion in fresh blow to leading investor SoftBankWeWork owner The We Company is considering slashing the valuation of its planned...
Read more »
WeWork reportedly might slash its valuation below $20 billion, or even postpone its IPOInvestors are worried about the office space provider's path to profitability and CEO Adam Neumann's grip on the company.
Read more »
SoftBank urges WeWork to shelve IPO over valuation concerns: FTSoftBank Group , a top shareholder in the holding company of U.S. office...
Read more »